Strategic Analysis of XPeng Motors (XPEV)'s Robotics Business

Based on collected data, I will systematically analyze the strategic logic of XPeng Motors’ layout in the robotics business.

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He Xiaopeng, founder of XPeng Motors, stated: “In the future, intelligent vehicle manufacturers will also serve as intelligent robotics manufacturers, creating a 1+1>2 synergistic effect.” This strategic judgment is based on the following core logics [1][2]:

Humanoid robots and intelligent vehicles share high similarities in core technical architecture:

Technology Module	Autonomous Driving Vehicle	Humanoid Robot	Feasibility of Technology Reuse
Environmental Perception	Vision + LiDAR	720° Visual Perception	High
Decision-Making & Planning	End-to-End Large Model	VLA Architecture Model	High
Execution & Control	Drive-by-Wire Chassis	Joint Motor Control	Medium
Chip Computing Power	Turing AI Chip	Turing AI Chip	Fully Homologous

XPeng Motors’ AI Eagle Eye Vision System, end-to-end large model, and Turing AI Chip can be directly applied to robotics products [3].

The automotive industry and humanoid robotics share numerous common suppliers, and automakers possess:

• Strong industrial manufacturing capabilities
• A complete and mature component supply chain system
• Rich mass production experience and quality control systems

This provides a significant first-mover advantage for robotics R&D and manufacturing [2].

XPeng Motors has formed a strategic layout of three business segments:

:

• First Growth Curve
  : AI-powered Vehicles (2025 deliveries rose 126% year-over-year to 429,445 units) [4]
• Second Growth Curve
  : Flying Cars (the “Land Aircraft Carrier” has received nearly 4,000 pre-orders, with mass production scheduled for 2026)
• Third Growth Curve
  : AI Humanoid Robots (targeting commercial mass production in 2026) [3]

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To date, XPeng Motors has disclosed over 4,000 patents, including the following robotics-related patent applications [5]:

• “Control Method and Electronic Device for Bipedal Robots”
• “Leg Structure and Humanoid Robot”
• “Posture Generation Method, Device, Robot, Medium, and Product for Humanoid Robots”

Automotive Intelligent Driving Technology ──────────────────────────────────────→ Robotics Applications
     │
     ├── AI Eagle Eye Vision System ───────────────────────────→ 720° Environmental Perception Capability
     ├── End-to-End Large Model ─────────────────────────────→ Robotics "Brain" (VLA Architecture)
     ├── Turing AI Chip (3000TOPS Computing Power) ────────────────────→ On-Board Computing Power for Robots
     ├── Cloud-Based World Foundation Model ─────────────────────────→ Universal Physical AI Model
     └── Reinforcement Learning Algorithm ─────────────────────────────→ Walking & Obstacle Avoidance Capabilities

Product	Launch Time	Core Features	Technology Source
PX5	October 2023	Straight-leg Walking, 11-DOF Dexterous Hand	Technologies Homologous to Intelligent Driving
Iron (4th Generation)	November 2024	62 Degrees of Freedom, 178cm Height, Factory Applications	Turing Chip + Eagle Eye Vision
5th Generation (Planned)	2026	Mass Production with L3-level Capabilities	VLA Architecture + World Foundation Model

Currently, the Iron robot has been put into practical use at XPeng’s Guangzhou factory, with some production positions operated by robots [1][3].

Dimension	Assessment	Description
Perception System	★★★★★	Direct reuse of AI Eagle Eye Vision System, 720° blind-spot-free environmental perception
Decision-Making System	★★★★★	End-to-end large model architecture is universal, empowered by cloud-based foundation model
Execution System	★★★☆☆	Specialized development for joint motors is required, but there is a technical foundation
Chip Computing Power	★★★★★	Turing Chip is compatible with both vehicles and robots, fully homologous

: XPeng’s autonomous driving technological advantages to the robotics field, with high reusability especially in perception, decision-making, and chip aspects; targeted investment is required in the execution aspect, but the technical path is clear.

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Indicator	Value	Industry Comparison
Market Capitalization	US$1.952 Billion	-
P/S	1.90x	Mid-to-low among new energy vehicle manufacturers
P/B	2.23x	-
52-Week Gain	+69.28%	Outstanding Performance
Analyst Target Price	$29.50	43.6% Upside Potential

If the robotics business is successfully commercialized, it will significantly change the company’s valuation logic:

• From “pure automaker” → “AI technology company”
• Opens up a
  US$25 trillion
  global robotics market space (predicted by Elon Musk)
• Referencing Tesla (TSLA)'s valuation model: Dual engines of vehicles + robotics

• R&D cost sharing (the same AI system serves vehicles, robots, and flying cars)
• Data closed-loop effect (factory robot data feeds back to intelligent driving algorithms)
• Scale effect (one-time R&D for chips and models, reusable across multiple products)

Indicator	2024E	2025E	2026E
Revenue (CNH 100 Million)	410.3	955.6	1220.6
Gross Margin	14.0%	14.3%	14.5%
Non-GAAP Net Profit	-CNH 5.38 Billion	-CNH 2.23 Billion	Turns Profitable

Analysts expect the company to

, with the robotics business expected to become a new profit contributor [6].

Risk Type	Details
Technological Risk	Robotics commercialization progress falls short of expectations
Market Risk	Humanoid robotics market is still in the early stage, with high demand uncertainty
Capital Risk	Continuous increase in R&D investment, cash flow pressure
Competitive Risk	Strong competitors such as Tesla Optimus and Huawei

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1. Clear Strategic Logic
   : XPeng’s layout in the robotics business is a rational strategic choice based on technological homology, supply chain reusability, and growth curve expansion.

2. Feasible Technology Migration
   : Core autonomous driving capabilities (perception, decision-making, chips) can be effectively migrated to the robotics field, and the company has verified the technical route through PX5 and Iron products.

3. Positive Impact on Valuation
   :
   • Short-term: The robotics business has not yet contributed revenue, so valuation uplift is limited
   • Mid-term (2026): If robot mass production is achieved, it will open up valuation imagination space
   • Long-term: The positioning of an AI technology company is expected to bring valuation restructuring

4. Catalysts
   :
   • Progress of 2026 robot mass production plan
   • Mass production of Turing AI Chip for vehicles (Q2 2025)
   • Launch and deployment of World Foundation Model

From a technical analysis perspective, XPEV is currently in a

pattern:

• Support level: $19.72
• Resistance level: $20.97
• Beta: 1.13 (slightly higher than market volatility)
• Trend judgment: Sideways consolidation, waiting for directional choice [7]

The current stock price corresponds to 0.9x/0.7x P/S for 2025-2026, providing a valuation safety margin, but attention should be paid to:

• Earnings guidance in the Q4 FY2025 report (January 16, 2026)
• Commercialization progress of the robotics business
• Implementation of intelligent driving functions and globalization progress

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[1] Gasgoo - CES 2025: Nearly Half of NVIDIA’s Robotics Legion Comes from China

[2] Robot Industry Research Institute - An Overview of 2024 Layouts and Progress of Automakers in Humanoid Robotics

[3] XPeng Motors Official Website - Empowered by Great Product Cycle, AI Full-Stack Self-Developed System Helps Widen Generational Lead Over Industry

[4] CleanTechnica - XPENG Sales Rise 126%, from 190,068 to 429,445

[5] Relevant reports from 36Kr (provided in user context)

[6] Eastmoney - XPeng Motors: Leader in Intelligentization, Reborn

[7] Data from Jinling AI Technical Analysis API

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: This report is compiled and analyzed based on public information and does not constitute investment advice. XPeng Motors (XPEV) will release its next financial report on March 17, 2026; please pay attention to the company’s latest disclosure on robotics business progress.